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3 years ago

HELP PLEASE!

Mathematics

1 answer:

MArishka [77]3 years ago

6 0

Answer:

So, the amount invested after 6 years is £1547

Step-by-step explanation:

We can use formula

$A=P(1+r_1)^{t_1}(1+r_2)^{t_2}$

where

P is money invested

r1 is first interest rate

t1 is time for r1

r2 is second interest rate

t2 is time for r2

$P=1200$

$r_1=0.03$

$t_1=2$

$r_2=0.05$

$t_2=4$

now, we can plug values

$A=1200(1+0.03)^{2}(1+0.05)^{4}$

$A=1547$

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